Aditi Nayar
Aditi Nayar is principal economist, ICRA Limited.
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More From Aditi Nayar
GST 2.0 is a timely reformSubscriber Only
September 05,2025 07:45:21 AM
Rate rationalisation will lift consumer demand and producer sentiment
Fri, Sep 05, 2025
What state finances tell us about the economySubscriber Only
July 30,2025 06:30:18 AM
Assistance by Centre has played a key role in boosting capital expenditure of states but borrowing space is limited
Wed, Jul 30, 2025
For the Indian economy, a season of mixed tidingsSubscriber Only
June 17,2025 06:54:27 AM
On revenue, inflation, there is room for optimism this year. But concerns remain
Tue, Jun 17, 2025
Greater flow of resources to states augur well for capital spendingSubscriber Only
February 21,2025 07:02:51 AM
To boost the resources of state governments, the Centre has been stepping up allocation under the special assistance scheme as loan to states for capital expenditure
Fri, Feb 21, 2025
RBI’s shallow rate cut after five yearsSubscriber Only
February 08,2025 07:06:35 AM
Outlook for inflation, growth can provide space for only one more rate cut of 25 basis points in near term
Sat, Feb 08, 2025
Why a grand GST bargain with states is neededSubscriber Only
September 23,2024 05:40:47 AM
Extend compensation cess to get states to bring petroleum products under it
Mon, Sep 23, 2024
State governments have been borrowing more — what does this mean?Subscriber Only
August 01,2024 07:20:12 AM
One of the key risks faced by the issuers of debt is the roll-over risk or the risk of refinancing their debt. This risk gets accentuated when the amount to be refinanced is relatively larg
Thu, Aug 01, 2024
Hurdles on the path to green growth — and how to remove themSubscriber Only
May 18,2024 07:15:02 AM
Government support is critical for technology transition to achieve climate goals
Sat, May 18, 2024
Decoding state budgets: Can growth projections keep pace with reality?Subscriber Only
April 12,2024 07:11:23 AM
Capital expenditure by states will be slow in the first half of the year due to elections. Spending could pick up after the Union Budget and the monsoon season
Fri, Apr 12, 2024
On fiscal consolidation, so far, so goodSubscriber Only
November 27,2023 04:55:45 AM
Despite polls on horizon, Centre is on course to meeting its fiscal deficit target
Mon, Nov 27, 2023
Why India’s economic growth may lose pace in the second half of the yearSubscriber Only
October 02,2023 07:00:32 AM
Food inflation, erratic monsoon, contraction of exports are some of the reasons for this prediction
Mon, Oct 02, 2023
Why states should spend moreSubscriber Only
July 14,2023 07:11:51 AM
Recent developments should serve to ease the states’ liquidity situation, encourage a quicker pick up in their capex spending, and perhaps create the fiscal space for states to spread their capital spending evenly throughout the year
Fri, Jul 14, 2023
Centre’s interest-free loan facility provides space for states to increase capital expenditure. Will they?Subscriber Only
April 21,2023 07:30:51 AM
Aditi Nayar writes: The reduction in GST compensation as well as the borrowing limit would curb the resources available to states for funding their deficits now, making it all the more beneficial for them to fully utilise the capex loan scheme
Fri, Apr 21, 2023
Why states should utilise fiscal room to ramp up capital spendingSubscriber Only
October 27,2022 03:50:54 AM
With the global economic environment taking a turn for the worse, with demand slowing down in advanced economies and continued aggressive monetary tightening by central banks, how effectively states ramp up their spending will have a critical bearing on the pace the Indian economy grows at in the second half of the year
Thu, Oct 27, 2022
Three developments that have brightened the outlook for capital expenditure by state governmentsSubscriber Only
September 08,2022 03:45:13 AM
Aditi Nayar writes: Higher devolution, interest-free loans and easing of restrictions will ease stress on state finances
Thu, Sep 08, 2022
An uncertain transition: As GST compensation ends, state governments need to be provided certainty of revenuesSubscriber Only
July 11,2022 02:10:04 AM
Aditi Nayar writes: If the government decides to step-up tax devolution to the states in the near term, it may reduce the size of state borrowings in the second quarter and embolden states to ringfence their capital spending.
Mon, Jul 11, 2022
Equating states’ off-budget borrowings with their debt will clarify extent of indebtednessSubscriber Only
May 11,2022 04:00:33 AM
Aditi Nayar writes: Centre's decision will ensure fiscal transparency in states' finances, an area that has been cloaked in opacity.
Wed, May 11, 2022
Making the most of greater fiscal spaceSubscriber Only
April 20,2022 04:15:51 AM
Aditi Nayar writes: Healthy tax revenues and disinvestment proceeds will allow the government to absorb the risks related to increased spending this year.
Wed, Apr 20, 2022
Post-pandemic spending for recoverySubscriber Only
March 08,2022 03:40:02 AM
Aditi Nayar writes: Centre’s plans for investment-led growth will hinge on ways in which states can complement it
Tue, Mar 08, 2022
Growing divergence in central and state-level fiscal trendsSubscriber Only
December 28,2021 04:45:56 AM
🔴 Aditi Nayar writes: State revenues have grown at a slower pace, leading to a widening of the deficit
Tue, Dec 28, 2021
Understanding post-second wave fiscal trendsSubscriber Only
November 04,2021 02:04:24 AM
Aditi Nayar writes: Formalisation of economy expands tax base, boosts Centre’s coffers, but states might suffer with discontinuation of GST compensation.
Fri, Nov 05, 2021
How soon can GDP reach pre-Covid level?Subscriber Only
September 13,2021 04:00:45 AM
Aditi Nayar writes: It is unlikely to do so in the coming quarter, although the uptick in vaccinations could impart a positive momentum to the economy.
Tue, Sep 14, 2021
Centre must step up cash flow to statesSubscriber Only
July 08,2021 03:40:54 AM
Aditi Nayar writes: By increasing tax devolution, Centre can help states tide over another uncertain year and make spending comfortable for them
Thu, Jul 08, 2021
Resource crunch in states will follow Covid second waveSubscriber Only
May 31,2021 03:30:48 AM
Fiscal concerns will be fanned by spike in infections and the associated healthcare costs
Mon, May 31, 2021
Fifteenth Finance Commission has increased proportion of grants conditional on reforms by statesSubscriber Only
February 23,2021 03:05:28 AM
The question is whether this will force the states to move on both the power sector reforms, which have proven challenging in the past, and the municipal reforms, so that their resource availability may be enhanced.
Tue, Feb 23, 2021a better experience